Suriname’s 2^nd Enhanced Follow-Up Report and Technical Compliance Re-rating

Port of Spain, Trinidad and Tobago, October 14, 2024 – Suriname underwent an enhanced follow-up process following the adoption of its Mutual Evaluation Report (MER). The MER assessed the effectiveness of Suriname’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and the country's compliance with the FATF Recommendations.  

In conformity with the CFATF Procedures for the Fourth Round of AML/CFT Mutual Evaluations, Suriname has reported to the CFATF regarding the progress it has made to strengthen its AML/CFT framework. Thus, the 2^nd Follow-Up Report (FUR) of Suriname evaluates the country's efforts to address the technical compliance deficiencies identified in the MER. 

According to the FUR, Suriname has made considerable strides in its fight against ML and TF since its 2023 MER. As a result, the jurisdiction has been re-rated on 9 out of the 40 Recommendations:

• Recommendation 3: Money Laundering Offence
• Recommendation 5: Terrorist Financing Offence
• Recommendation 11: Record Keeping
• Recommendation 19: Higher-risk countries
• Recommendation 20: Reporting Suspicious Transactions
• Recommendation 26: Regulation and Supervision of Financial Institutions from Non-Compliant to Largely Compliant
• Recommendation 27: Powers of Supervisors
• Recommendation 28: Regulation and Supervision of DNFBPs from Partially Complaint to Largely Compliant
• Recommendation 30: Responsibilities of law enforcement and investigative authorities
• Recommendation 32: Cash Couriers 

Suriname is presently rated as Compliant or Largely Compliant with 21 out of the 40 FATF Recommendations. 

Click here to gain access to the FUR.